Welcome to the home of our latest comprehensive property reports - if you're looking for news on rents and prices both nationally and regionally then you've come to the right place!
Jump to straight to what you need:
Property price report
Property price report - January 2019
Rent report (quarterly)
Rent report - November 2018
First-time buyer report
First-time buyer report - March 2018
2019 will prove a decisive year for the direction of the private rented sector. The government has increased the costs to let for both landlords and agents and increased the number of hoops they have to jump through to let legally. On top of this, they have increased the chance and the level of fines with Local Authorities able to charge up to £30,000 for serious breaches. And, although the government may be 'patting itself on the back' for reducing the percentage of households in the PRS versus home ownership, the loss of homes to rent is likely to be one of the main causes of any increases in homelessness and evictions, especially as our population is still rising. This continued 'attack' on those operating in the Private Rented Sector is set to continue.
It's a little tricky just now to know exactly where the property market is heading. We know from past evidence that typically the level of uncertainty we currently have with a new PM pending, Brexit in 'no mans land' and a parliament and politicians seemingly at a 'loss' to know how to get us out of the mess Mr Cameron kindly got us into in the first place, that this would slow the property market. Buyers and sellers don't like uncertainty.
Want to know more about the 4 Year Rule? If you need a formal decision from your council to show that your existing use or development is lawful, then you can submit an application for Certificate of Lawfulness, known as 4 Year Rule Planning. Ever wonder how landlords convert their houses into a number of flats without first seeking planning permission? Ever wonder how restaurateurs convert A1 Retail Shops into A3 Restaurants without first seeking planning permission? Read on to find out.
Normally around this time of year the market is buoyant, in fact looking back over past reports, I was often saying post the credit crunch the market was a ‘game of two halves’ with the first half of the year rising, and the second half of the year falling back. So far this year, prices have pretty much ‘limped along’ from one month to the next showing little growth.